Stocks plunge after Trump announced the start of 25% tariffs on Canada and Mexico and after data showed a slight dip in US manufacturing

• Trump says ‘no room left’ for deal that avoids tariffs on Mexico and Canada

Donald Trump will lay out his priorities tomorrow evening in a prime-time speech to Congress, his first since returning to the White House.

He’s doing some expectation setting this morning, posting on Truth Social:

TOMORROW NIGHT WILL BE BIG. I WILL TELL IT LIKE IT IS!